$API3 The details you provided refer to a short liquidation involving the cryptocurrency $API3 Here's the breakdown

Amount liquidated: $2,485.7

Price at liquidation: $1.6803

In the context of short selling, the trader borrows tokens, sells them at a higher price, and hopes the price will fall so they can buy back at a lower price, returning the borrowed tokens and profiting from the difference. However, if the price rises instead of falling, the position will be liquidated to prevent further losses.

For this case

The price of rose to $1.6803, triggering the liquidation of the short position.

The trader faced a loss of $2,485.7 as the position was closed at this higher price.

Let me know if you have any more questions or need further clarification

#BTCNextMove #CorePCESignalsShift #BinanceAlphaAlert #USUALAnalysis #BinanceLaunchpoolBIO